Here's an example:
|
Gross Estate |
15,000,000 |
|
Taxable Estate (Adjusted Gross Estate) |
7,000,000 |
|
Attributable to a closely held business |
3,920,000 |
|
Estate Tax Due |
1,070,000 |
3,920,000 / 7,000,000 = .56 (56% of the Tax Due can be deferred under a 6166 election; $599,200 deferrable. 44% of the Tax Due must be paid by nine months after the decedent's date of death; $470,800 is non-deferrable).